The _____ form of business organization most limits personal liability for its shareholders.
A) sole proprietorship
B) cooperative society
C) corporation
D) general partnership

Question

Quizplus · Accepted Answer

A corporation is treated as an entity separate and distinct from its owners. The principal reason to incorporate a business today, however, is the limited liability of its shareholders. Ordinarily, the owners (shareholders) of a corporation are not personally liable for its debts; their loss is limited to their investment.

The _____ Form of Business Organization Most Limits Personal Liability